The global household fans market was worth $6.6 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 3.93% and reach $7.7 billion by 2023.
Household Fans Market Global Report 2020 from the author provides the strategists, marketers and senior management with the critical information they need to assess the global household fans market.
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The household fans manufacturing market consists of sales of household electric fans including ceiling fans, table fans, pedestal fans, exhaust fans and wall fans.
The household fans market covered in this report is segmented by type of product into ceiling fans, table fans, pedestal fans, exhaust fans, and wall fans. The household fans market in this report is segmented by type of current into ac residential fans, and dc residential fans. The household fans market in this report is segmented by application into home, and commercial. The household fans market in this report is segmented by distribution channel into store-based retailing, direct sales, and non-store-based retailing.
Increased electrification especially in rural areas has contributed to the growth of the household fans market in the historic period. Electrification coupled with the rise in disposable income has boosted the demand for household fans. For example, in India, the percentage of rural population with access to electricity increased from 68.3% in 2010 to 89.3% in 2017. The Percapita net disposable income increased from $1,372.9 in 2013 to $2,018.53 in 2017 at a CAGR of 10.1%. Rise in disposable income increased the purchasing power of the people which in turn has increased the market for household fans.
Increased tariffs on raw materials such as steel and aluminum restrained the market for household fans in the historic period. Steel and aluminum are predominantly used in manufacture of components such as blades for fans. Increasing import tariffs on raw materials such as steel hindered the market for household fans. For instance, in 2018, USA imposed a 25% and 10% tariffs on import of steel and aluminum respectively.
In October 2019, Hunter Fan Company, manufacturer and distributor of fans has acquired Entrepreneurial Pursuits, Inc. for an undisclosed amount. This acquisition will help Hunter Fan Company to expand their product portfolio and allows the company to provide a more holistic solution to customers. Entrepreneurial Pursuits, Inc was engaged in manufacturing and distributing of fixed and rolling mount caged fan solutions for commercial and industrial uses.
Major players in the market are Hunter Fan Company, Casablanca, Emerson Ceiling Fans, Minka, Monte Carlo, Craftmade, Litex, Fanimation, Kichler, Panasonic
Key Topics Covered:
1. Executive Summary
2. Household Fans Market Characteristics
3. Household Fans Market Size And Growth
3.1. Global Household Fans Historic Market, 2015 - 2019, $ Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Household Fans Forecast Market, 2019 - 2023F, 2025F, 2030F, $ Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market
4. Household Fans Market Segmentation
4.1. Global Household Fans Market, Segmentation By Type Of Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
- Ceiling Fans
- Table Fans
- Pedestal Fans
- Exhaust Fans
- Wall Fans
4.2. Global Household Fans Market, Segmentation By Type of Current, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
- AC Residential Fans
- DC Residential Fans
4.3. Global Household Fans Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
4.4. Global Household Fans Market, Segmentation By Distribution Channel, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
- Store-based Retailing
- Direct Sales
- Non-Store-based Retailing
5. Household Fans Market Regional And Country Analysis
5.1. Global Household Fans Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
5.2. Global Household Fans Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
- Hunter Fan Company
- Emerson Ceiling Fans
- Monte Carlo
- Crompton Greaves
- Orient fans
- Havells India
- King of Fans
- Shell Electric
- Ajanta Electricals
- Henley Fan Company Ltd
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